LivingNORTH OF THE CITY

A Quarterly Market Analysis of York Region’s Executive, Estate, and Acreage Properties

Local Expertise, Global Connections

Vol. 2 Issue 1

A DISTINCTIVE PROPERTY DESERVES A DISTINCTIVE MARKETING PLAN.

Allison Parent & Lisa Clark bring property marketing to a new level. In addition to providing traditional MLS promotion, we offer a comprehensive and modern approach to advertising. Utilizing a combination of print, digital, and social media marketing strategies plus leveraging the power of the Sotheby’s International Realty network, our goal is to reach as many qualified potential buyers as possible to get your property sold for the greatest amount of money in the shortest period of time.

PRINT MARKETINGWe have an in-house team that will create unique and high-impact marketing materials to complement our sales approach to attract qualified buyers to your home. Our clients benefit from exclusive corporate rates and prime placement in local, national, and international publications including the Globe and Mail, Architectural Digest, Robb Report, Sotheby's At Auction, New York Times, Gourmet, International Herald Tribune, The Wall Street Journal, Country Life and Sotheby's RESIDE Magazine. DIGITAL MARKETINGYour property will receive online exposure on sothebysrealty.ca and sothebysrealty.com, as well as on a number of other highly trafficked sites including those of the New York Times and The Wall Street Journal.

NETWORK MARKETINGThe powerful global marketing and referral resources of Sotheby’s International Realty, combined with our sophisticated marketing programs, provide highly effective marketing strategies for home sellers. In addition to the various print and digital media opportunities, your property will be showcased in our network of Canadian and international offices.

PUBLIC RELATIONSDoes your home have a story to tell? By working closely with a distinguished public relations firm, you can gain additional international exposure for your property in some of the world’s most respected publications.

ABOUT US

Lisa's interest in assessing market conditions and developing pricing strategies is largely a result of her background prior to joining Sotheby's - she was a consultant with an international consulting firm, and also owned her own consulting business. Lisa holds a Bachelor of Applied Arts degree, and is a certified e-PRO®. She is a member of the Institute for Luxury Home Marketing, the Markham Board of Trade, and the Vaughan Chamber of Commerce. Lisa grew up in Woodbridge, and is a long-time resident and active community member in Thornhill, where she currently lives with her husband and four children.

Over the years, Allison has worked with the country's top-ranked luxury real estate companies offering high-quality service to clients in all price ranges. Having formerly worked in the high-technology industry in a business leadership role, she is accustomed to working in fast-paced, high-stress environments. During her 10+ years in this industry, Allison managed client accounts that generated over $100 MILLION in annual revenue. Allison holds an M.B.A. (Master of Business Administration) degree from the Schulich School of Business at York University, as well as a Bachelor of Applied Science degree in Civil Engineering from the University of Waterloo. She currently resides in Newmarket with her husband and two sons.

Allison ParentM.B.A., B.A.Sc. (Civil Eng.)*Sales Representativee. aparent@sothebysrealty.cac. 416.910.4507www.allisonparent.com

Lisa ClarkB.A.A., e-PRO®

*Sales Representativee. lclark@sothebysrealty.cac. 416.258.6053www.lisaclark.ca

Allison ParentM.B.A., B.A.Sc. (Civil Eng.)Sales Representativee. aparent@sothebysrealty.cac. 416.910.4507www.allisonparent.com

Lisa ClarkB.A.A., e-PRO®

Sales Representativee. lclark@sothebysrealty.cac. 416.258.6053www.lisaclark.ca

LOCAL EXPERTISE, GLOBAL CONNECTIONS

There is no doubt that we are in the midst of a hot market - where properties in many price categories are moving quickly.

Even in a seller's market, the listing price you set is a critical factor in the return you'll receive. An overpriced home, regardless of market conditions, can sit on the market for a long period of time. Statistics indicate that an overpriced home will, on average, eventually sell for less than it would have if it had been priced at proper market value to begin with. On the other hand, a home priced under market value may sell quickly, but for potentially far less money that it's actually worth.

A professional market evaluation from an experienced realtor can help you achieve your objectives. When recommending a listing price for a property, we utilize factual information such as:

• the type of property and the neighbourhood in which it is located; - the style, condition and age of the home;

• improvements and upgrades made to the property, including assessing over-and under-improvements;

• the time of year in which the property is being listed;• an evaluation of comparable listings that have expired, and those that are currently

listed for sale;• a comparative market analysis looking at similar properties that have sold in a recent

time period.

While difficult, we often have to present homeowners with market statistics that highlight actual activity in the marketplace, and work to overcome issues such as:

• what friends, neighbours, or relatives say a property is worth;• what the owners paid when they built or bought the property; and• cash proceeds the owners want or need from the transaction.

If you are thinking of selling, we invite you to contact us for a complimentary, no-obligation evaluation of your home's current market value.

Best regards,

If you would like to receive a complimentary copy of International Architecture and Design, Sotheby’s International Realty RESIDE Magazine, or Sotheby’s At Auction, please call or email us (contact information noted above).

A Review of First Quarter 2010 Vol 2 Issue 1

On the Cover,Stone Century Inn, Westport, ON ID# 4000012281

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We have continued to see a strong seller's market throughout the first quarter of 2010 in York Region*. We anticipate that there will be an influx of listings throughout the second quarter of the year, which may result in a more balanced market as we reach the summer months.

The top chart outlines the total number of units available for sale each month. There were 4630 detached homes available for sale in Q1-2010 - a 38% decrease from a year earlier. The second chart shows the number of detached homes sold each month. There were 2261 detached homes sold in York Region in Q1-2010. This not only represents a signficant increase of 97% from Q1-2009, but also represents the highest sales volumes for the months of February and March in the past 4 years. The final chart outlines the Sales-to-Inventory ratio for York Region's real estate market. To calculate the ratio, we take the total number of sales in a given time frame and divide that by the total inventory (available homes)for the same period. The general consensus in the real estate industry is that a balanced market occurs when this ratio lies between 15% and 25%. Anything below 15% would indicate a buyer's market, and anything above 25%would indicate a seller's market. The strong seller's market that began in April 2009 in York Region has continued. The sales-to-inventory ratio fluctuated between a low of 40% in January 2010 to a high of 54% in March 2010, with an average for the first quarter of 48.8% for the region. This means that just under one out of every two homes listed for sale in York Region in Q1-2010 has sold.

A rtfully uniting extraordinary properties with extraordinary lives

LIVING NORTH OF THE CITY

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†Note: Our commentary is based on detached residential properties listed on the Multiple Listing Service (MLS ®) in TREB map areas N01-N08 and N10-N14

A rtfully uniting extraordinary properties with extraordinary lives

LUXURY MARKET REPORT

Three hundred and fifty nine detached homes in southern York Region* sold for $750,000 or more, more than 200% higher (251 units) over the same period in 2010. The highest sale for the period was for $3.77 million. York Region has some very impressive estate home listings available for sale, including $15.7 million in King, $12.0 million in Aurora, and $9.38 in Thornhill.

The following section provides an overview of properties listed at or sold for $750,000 or greater during the first quarter of 2010.

AuroraThe Aurora area currently has 46 properties for sale in the $750,000+ price range. In the first quarter of 2010, 18 luxury properties sold, versus only 6 in the same period of 2009. Days on market dropped by 57%, down from 59 days in 2009 to 26 days in 2010. The median sold price was $947.5 million, with the top sale in the quarter for this community at $2.0 million. KingIn the second quarter of 2010, 18 properties sold for $750,000 or more, more than double the volume during the same time period in 2009. Median sale price was $935,000, an increase of 11 per cent over the same quarter in 2009. Days on market were down from 64 to 40. The highest sale for the community was $2.6 million, compared with $1.13 million in 2009. There are currently 117 top-tier homes available for sale, with the highest listing at $15.7 million – the highest priced listing in the region. NewmarketNewmarket had five homes sell in the plus $750,000 range, compared to one unit in 2009. Days on market dropped more than 50%, down from 39 days in 2009 to 19 days in 2010. The top sale in the first quarter of 2010 in Newmarket was $1 million. Twelve luxury properties are currently on the market, with the highest priced listing at $1.95 million. Richmond HillIn the first quarter of 2010, 127 properties sold, up more than 200% from 2009 where only 39 units sold. The median sale price was $882,800, and properties were on the market for 15 days. The top sale in the quarter in Richmond Hill was $1.88 million, compared with a top sale of $1.66 million in the same period in 2009. The top-priced listing is currently at $4.75 million. ThornhillFifty-four properties sold in Thornhill, with the highest sale reaching $3.775 million. Sales volume was up dramatically, from 15 units in 2009 to 54 in 2010. The median sale price was $905,000, down from $1.100 million in 2008, suggesting that the lower priced segment of the market place is more active. Eighty-nine properties priced at $750,000 and above are now available for sale. The highest priced listing in Thornhill is $9.38 million. Unionville/MarkhamSeventy-three properties sold in Unionville and Markham, with the highest sale reaching $2.43 million. Sales volume was up from 19 units in 2009 to 73 in 2010, a 280% increase. Days on market dropped significantly - from 85 days in 2009 to 11 days in 2010. The median sale price was $860,000, equal to that of 2009. One hundred and twenty-one properties priced at $750,000 and above are now available for sale. The highest priced listing in the area is $3.5 million. VaughanVaughan, including Woodbridge and Kleinburg, has 124 top-tier properties for sale. In the first quarter of 2010, 45 units sold, up over 220% from the 14 sales achieved in the same period of 2009. Median sale price was down from $940,000 in 2009 to $860,000 in 2010. The top sale was $2.2 million, up from a top sale in $1.633 in 2009. The top listing currently offered for sale is at $3.975 million. Days on market dropped from 47 days in 2009 to 26 days in 2010. Whitchurch / StouffvilleThe Whitchurch-Stouffville area has 113 properties for sale in the $750,000+ price range. Sales volume increased to 19 sales in the first quarter of 2010 from 6 sales in 2009. The median sold price in this area was $990,000, with the top sale at $1.73 million. The highest listing is currently offered for $3.975 million. Median days on market dropped by more than half, from 191 down to 81.

*Note: Our commentary is based on detached residential properties listed on the Multiple Listing Services (MLS ®) in TREB map areas N01-N08 and N10-N14, with a sold price of $750,000 or greater, that sold during the months of January, February, and March 2010. Data is accurate as of March 31, 2010. For Days on Market calculations, we used the median.

To learn more about our featured properties, please visit our international website, www.sothebysrealty.com, and enter the Property ID # associated with each property, or contact the listing agent directly.

OUR FEATURED PROPERTIES

Beausoleil on Georgian Bay, 190 Melissa Lane, Tiny, ON Property ID# 4000014857Located in the prestigious community of Cedar Ridge, this stunning retreat is situated on 1.98 acres of Georgian Bay waterfront. This 6-bedroom French Manor provides breathtaking views from virtually every window, and the separate guest wing offers ample space and privacy for visitors. The many terraces, lakeside spa and outdoor kitchen provide the perfect backdrops for entertaining.

Allison Parent* www.allisonparent.com (c) 416.910.4507

396 Ashworth Rd, Uxbridge, ON ID# 4000013616Enjoy the best of both worlds: this magnificent west Uxbridge country home is less than one hour from downtown Toronto. With six bedrooms, a formal living and dining area, an open-concept kitchen/family room and a private guest wing, this spacious home has room for everyone. A rare opportunity to own 28 beautiful acres of land and a fully restored, renovated residence. Also includes a heated bank-barn - perfect for horses or for a hobbyist.

Lisa Clark* www.lisaclark.ca (c) 416.258.6053Allison Parent* www.allisonparent.com (c) 416.910.4507

14716 Creditview Road, Caledon, ON ID# 4000011386This ideally located property is set upon 89+ acres in Cheltenham, providing a great opportunity for future development options with over 865ft of frontage on Creditview Road. The one-of-a-kind custom built 2-storey log home contains multiple balconies and a basement level walk-out overlooking the pond. With an open concept kitchen including breakfast bar, 5 bedrooms, a large workshop and a greenhouse, glorious views abound!

Allison Parent* www.allisonparent.com (c) 416.910.4507

L Tower Penthouse Suites, Toronto, ON Designed by Daniel Libeskind, the iconic L Tower will rise 57 stories at the corner of Yonge and Front. The luxurious penthouse suites range in size from 1,106sf to 2,444sf. Original Munge Leung-designed kitchens, 10ft ceilings and other decadent features define the space.

Lisa Clark* www.lisaclark.ca (c) 416.258.6053

To learn more about our featured properties, please visit our international website, www.sothebysrealty.com, and enter the Property ID # associated with each property, or contact the listing agent directly.

505425 Grey Rd., Georgian Bluffs ID# 4000014722A stunning waterfront property featuring 229ft of Georgian Bay shoreline, and a boat basin that can accommodate vessels up to 35 feet in length. Build your dream home or cottage here, and enjoy the clean, clear waters of Georgian Bay and the wonderful scenery of the Niagara Escarpment and the Bruce Trail.

Lisa Clark* www.lisaclark.ca (c) 416.258.6053

OUR FEATURED PROPERTIES

Harmony Lakeside Retreat, Land 'O' Lakes, Stone Mills, ON Property ID# 4000014526Serenity - Tranquility - Privacy. This is what you will experience when you enter upon this unique ~15 acre sanctuary. This 4000+ square foot open concept timber frame structure offers outstanding views, and has been painstakingly constructed to preserve the surrounding woodlands and granite outcroppings upon which it sits. With ~1000 feet of waterfront on an extremely private lake, this maintenance-free, eco-conscious property offers the ultimate escape! All this within driving distance of both Toronto and Ottawa!

Allison Parent* www.allisonparent.com (c) 416.910.4507

Century Stone Inn, Westport, ON ID# 4000012281Selling both Business & Land. Host to local weddings, conferences and retreats, this Inn is located on approximately 50 acres of gorgeous countryside. This unique property boasts six (6) buildings along with a new pool (2008) and man-made pond - the perfect backdrop to wedding ceremonies & special events. With the 8-bedroom Manor House, 2-bedroom Cabin, and 5-bedroom Annex, this Inn can sleep guests in a total of 15 bedrooms. The property contains 13 bathrooms, 9 of which are ensuites, along with a 5-stall horse barn and a conference/retreat centre.

Allison Parent* www.allisonparent.com (c) 416.910.4507

5507 Tenth Line, Erin, ON ID# 4000012390Ideal residential development opportunity! This acreage has now been included in the Official Plan of Erin Township for Future Development. Located only 40 minutes from Toronto, this unique property fronts onto unopened 10th Line & Dundas and is within walking distance of downtown Erin! The land includes a cold water stocked stream throughout the east quadrant

Allison Parent* www.allisonparent.com (c) 416.910.4507

Please accept this invitation to call us and discover the difference of Sotheby’s International Realty®.

We look forward to representing you.

For further information, please contact:

Sotheby's International Realty Canada, Brokerage497 Davenport Road

Toronto, ON M4V 1B7416.960.9995

sothebysrealty.ca

Sotheby’s International Realty Canada, Brokerage. Independently owned and operated. If your property is currently listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers.

llison ParentM.B.A., B.A.Sc. (Civil Eng.)Sales Representativee. aparent@sothebysrealty.cac. 416.910.4507www.allisonparent.com

Richmond Hill, Aurora, King, Caledon, Whitchurch-Stouffville, Newmarket and Uxbridge

A isa ClarkB.A.A., e-PRO™

Sales Representativee. lclark@sothebysrealty.cac. 416.258.6053www.lisaclark.ca

Thornhill, Richmond Hill, Woodbridge, Kleinburg, Markham, Vaughan and Unionville

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